Importance of Business Continuity Insurance

Business continuity insurance is important if you want coverage after a peril temporarily shuts your doors. Rancho Del Sur Insurance Services Inc. can help you find the right policy to recover lost income and overhead expenses. Learn more about commercial insurance and why it’s so essential for businesses in San Diego, CA.

What Is Business Continuity Insurance?

Business continuity insurance, also known as business interruption insurance, improves your risk management strategy. This coverage can help you survive when unexpected disruptions or disasters prevent you from opening your retail shop or other brick-and-mortar business. Additionally, many policies pay for ongoing expenses if you’re forced to close temporarily. 

What Does (and Doesn’t) Business Interruption Insurance Cover?

Although every policy varies, business continuity insurance typically covers losses associated with an unpreventable shutdown due to fire, wind, theft, lightning, or falling objects. It doesn’t cover losses due to civil unrest or pandemics, which are handled under different policy types. 

Your interruption insurance may cover operating losses and expenses, such as the revenue you usually make in a given time frame. It will also handle mortgage or lease payments for your place of business. With business continuity insurance, you can continue paying your employees and set up shop at a temporary location.

Our team would be happy to review your existing policy and point out gaps in coverage that could put your business at risk. 

How Long Does Business Continuity Insurance Last?

One of our insurance agents can review your policy to tell you how long you have to restore your business location. There’s usually a two or three-day waiting period before the policy takes effect. However, your policy may work a bit differently. 

Reach Out To Us

When it comes to business insurance, residents in San Diego, CA trust Rancho Del Sur Insurance Services Inc. Contact us today to set up an appointment for a free quote!